The Asia Pacific PVC market attained a volume of 13.37 MMT in 2025. The industry is expected to grow at a CAGR of 5.00% during the forecast period of 2026-2035 to attain a volume of 21.78 MMT by 2035.
Base Year
Historical Period
Forecast Period
In 2021, per capita consumption of PVC in India reached 2.4 kg per annum.
Chinese exports of PVC tripled to $1.6 trillion between January and November 2021 globally.
Chinese exports of PVC to Egypt increased by 17 times year-on-year in 2021.
Compound Annual Growth Rate
5%
Value in MMT
2026-2035
*this image is indicative*
| Asia Pacific PVC Market Report Summary | Description | Value |
| Base Year | MMT | 2025 |
| Historical Period | MMT | 2019-2025 |
| Forecast Period | MMT | 2026-2035 |
| Market Size 2025 | MMT | 13.37 |
| Market Size 2035 | MMT | 21.78 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 5.00% |
| CAGR 2026-2035 - Market by Region | India | 5.8% |
| CAGR 2026-2035 - Market by Region | China | 5.2% |
| CAGR 2026-2035 - Market by Product Type | Chlorinated PVC | 5.9% |
| CAGR 2026-2035 - Market by End Use | Building and Construction | 5.7% |
| 2025 Market Share by Region | Australia | 5.1% |
PVC is a critical raw material for nearly 29% of all Indian industries. To achieve an economic size of $10 trillion, India is injecting INR 65,600 crores to boost PVC production capacity and meet the rising demand for PVC, which is estimated to reach 70 million tons by 2030. Pipes and fitting are the leading applications of PVC (73%) in India, whose key beneficiary is the agricultural sector. The construction sector, with a 9% share of the Indian GDP, is also a key end-user of PVC.
Nearly 60% of the domestic PVC demand (2.4 from 4 million tons) in India in 2023 was met through imports from China and other countries. However, the implementation of the Atmanirbhar Bharat Program is expected to incentivise domestic PVC production by increasing tariffs on foreign exports and extending financial support to producers through the PLI scheme.
The annual PVC production capacity of China is nearly 25 million tons. It is one of the leading suppliers of PVC globally, with India and Vietnam being its top export destinations. In 2021, PVC exports to Vietnam surged by 274% despite an increase in freight rates, due to its persistent demand across various industrial sectors and domestic supply chain challenges.
Asia Pacific PVC Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Stabiliser Type
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Country
| CAGR 2026-2035 - Market by | Product Type |
| Chlorinated PVC | 5.9% |
| Rigid PVC | 5.3% |
| Flexible PVC | XX% |
| Low Smoke PVC | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | End Use |
| Building and Construction | 5.7% |
| Healthcare | 5.4% |
| Automotive | XX% |
| Electrical and Electronics | XX% |
| Packaging | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Region |
| India | 5.8% |
| China | 5.2% |
| Japan | XX% |
| ASEAN | XX% |
| Australia | XX% |
| Others | XX% |
Based on country, the market is segmented into China, Japan, India, ASEAN, and Australia, among others. Over the forecast period, India and China are expected to grow at a CAGR of 5.8% and 5.2% respectively. This can be attributed to the rapid growth of infrastructure development in these regions.
| 2025 Market Share by | Region |
| Australia | 5.1% |
| China | XX% |
| Japan | XX% |
| India | XX% |
| ASEAN | XX% |
| Others | XX% |
Major PVC producers are establishing carbide-based PVC manufacturing facilities in China due to the presence of abundant coal reserves in the north/northwestern regions of the country.
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The market reached nearly 13.37 MMT in 2025.
The market is projected to grow at a CAGR of 5.00% between 2026 and 2035.
The market is assessed to witness healthy growth in the forecast period to reach around 21.78 MMT in 2035.
The different product types are rigid PVC, flexible PVC, low smoke PVC, and chlorinated PVC, among others.
The different applications of PVC in the market include pipes and fittings, film and sheets, wires and cables, bottles, and profiles, hoses, and tubings, among others.
The different countries covered in the market report are China, Japan, India, ASEAN, and Australia, among others.
The key market players are INEOS AG, Westlake Corp., Formosa Plastics Corp., LG Corp. (LG Chem Ltd.), Hanwha Solutions Corp., Sinochem Holdings Corporation Ltd., Shin-Etsu Chemical Co. Ltd. Xinjiang Zhongtai Chemical Co. Ltd., Chemplast Sanmar Ltd., and Reliance Industries Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Stabilizer Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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